German Ex-Finance Minister Advocates ECB to Include Bitcoin into Reserves

Bitcoin Reserve Germany
German government has been continuously transferring Bitcoin holdings to various wallets this year.
Last updated:
Author
Author
Sujha Sundararajan
About Author

Sujha has been recognised as 🟣 Women In Crypto 2024 🟣 by BeInCrypto for her leadership in crypto journalism.

Last updated:
Why Trust Cryptonews
Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews
Ad DisclosureWe believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. Read more

Former German finance minister Christian Lindner has advocated the European Central Bank (ECB) and the Bundesbank to add Bitcoin into their reserves.

Speaking to the German Press Agency in Berlin, Linder compared the new Trump administration’s push on cryptos, calling it “an extremely progressive policy.” He added that the US is looking to become a leading crypto hub.

“In Washington, there is even talk of the American central bank adding crypto assets to its reserves alongside currencies and gold.”

Linder’s remarks echo a European MP’s recent call for a Bitcoin Strategic Reserve for Europe. Early this month, the MP lauded El Salvador’s move to invest heavily in Bitcoin.

Christian Lindner, who heads Germany’s Free Democratic Party, emphasized the importance of Europe not relying on the US in the field of cryptos.

Further, He stressed that both the ECB and the Bundesbank are independent in making their decisions. “But Germany and Europe must not allow themselves to be left behind again,” Lindner added.

He also urged both entities to examine whether cryptos like Bitcoin should become part of the central banks’ reserves.

“Because crypto assets now account for a significant part of the global increase in prosperity,” he said, adding that the move could contribute to strengthening the resilience of reserves.

Lindner also addressed the risks of highly volatile cryptocurrencies. He said that these price fluctuations are well known and nobody would wisely invest everything in them.

However, as a decentralized system in which no one has sole power, political risks are calculable, he noted. “And there are also fluctuations in classic assets such as precious metals.”

German Lawmaker Urged Government to Hold Bitcoin as Strategic Reserve Currency

Meanwhile, the German government has been continuously transferring Bitcoin holdings to various wallets this year.

In July, German lawmaker Joana Cotar urged the government to hold BTC “as a strategic reserve currency.” She criticized the selling spree as “not sensible and counterproductive.”

“Instead of selling, I recommend developing a comprehensive Bitcoin strategy,” she wrote in a letter to Linder early this year. “This could include keeping Bitcoin in the treasury, issuing Bitcoin bonds, or creating a conducive regulatory environment.”

More Articles

Blockchain News
North Dakota Introduces Bill to Limit Crypto ATM Transactions to Combat Fraud
Sujha Sundararajan
Sujha Sundararajan
2025-01-23 09:35:19
Blockchain News
CFTC Chair Caroline Pham Reshuffles Key Roles Following Trump Appointment
Ruholamin Haqshanas
Ruholamin Haqshanas
2025-01-23 09:20:38
Crypto News in numbers
editors
Authors List + 66 More
2M+
Active Monthly Users Around the World
250+
Guides and Reviews Articles
8
Years on the Market
70
International Team Authors